Indian Economy Mock Practice for Assistant LOCO Pilot RRB EXAM

Indian Economy Quiz

1. The economic planning in India is based on:

(a) Capitalist model
(b) Socialist model
(c) Mixed economy model
(d) Gandhian model

Correct Answer: (c). The Indian economy follows a mixed economy model.

2. The first Five-Year Plan of India was launched in:

(a) 1951
(b) 1952
(c) 1953
(d) 1954

Correct Answer: (a). The first Five-Year Plan was launched in 1951.

3. The main objective of the first Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(d) Development of infrastructure
(d) Development of social services

Correct Answer: (a). The main objective of the first Five-Year Plan was agricultural development.

4. The Planning Commission of India was set up in:

(a) 1947
(b) 1948
(c) 1949
(d) 1950

Correct Answer: (d). The Planning Commission was set up in 1950.

5. The main objective of the second Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Development of social services

Correct Answer: (b). The main objective of the second Five-Year Plan was industrial development.

6. The Green Revolution in India was initiated in:

(a) 1960s
(b) 1970s
(c) 1980s
(d) 1990s

Correct Answer: (a). The Green Revolution was initiated in the 1960s.

7. The White Revolution in India is associated with:

(a) Increase in milk production
(b) Increase in food grain production
(c) Increase in industrial production
(d) Increase in export earnings

Correct Answer: (a). The White Revolution is associated with the increase in milk production.

8. The main objective of the third Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Achieving self-reliance

Correct Answer: (d). The main objective of the third Five-Year Plan was achieving self-reliance.

9. The main objective of the fourth Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Poverty alleviation

Correct Answer: (d). The main objective of the fourth Five-Year Plan was poverty alleviation.

10. The main objective of the fifth Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Promotion of high technology industries

Correct Answer: (d). The main objective of the fifth Five-Year Plan was the promotion of high technology industries.

11. The main objective of the sixth Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Human resource development

Correct Answer: (d). The main objective of the sixth Five-Year Plan was human resource development.

12. The main objective of the seventh Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Reduction of poverty

Correct Answer: (d). The main objective of the seventh Five-Year Plan was the reduction of poverty.

13. The main objective of the eighth Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Promotion of social justice

Correct Answer: (d). The main objective of the eighth Five-Year Plan was the promotion of social justice.

14. The main objective of the ninth Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Improvement in the quality of life

Correct Answer: (d). The main objective of the ninth Five-Year Plan was the improvement in the quality of life.

15. The main objective of the tenth Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Faster economic growth

Correct Answer: (d). The main objective of the tenth Five-Year Plan was faster economic growth.

16. The main objective of the eleventh Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Inclusive growth

Correct Answer: (d). The main objective of the eleventh Five-Year Plan was inclusive growth.

17. The main objective of the twelfth Five-Year Plan was:

(a) Agricultural development
(b) Industrial development
(c) Development of infrastructure
(d) Faster, sustainable, and more inclusive growth

Correct Answer: (d). The main objective of the twelfth Five-Year Plan was faster, sustainable, and more inclusive growth.

18. The main objective of the National Development Council is:

(a) To prepare the draft of the Five-Year Plans
(b) To implement the Five-Year Plans
(c) To review the progress of the Five-Year Plans
(d) To provide guidance on economic policy

Correct Answer: (d). The main objective of the National Development Council is to provide guidance on economic policy.

19. The main objective of the National Advisory Council is:

(a) To prepare the draft of the Five-Year Plans
(b) To implement the Five-Year Plans
(c) To review the progress of the Five-Year Plans
(d) To provide guidance on social policy

Correct Answer: (d). The main objective of the National Advisory Council is to provide guidance on social policy.

20. The main objective of the National Commission for Enterprises in the Unorganised Sector is:

(a) To prepare the draft of the Five-Year Plans
(b) To implement the Five-Year Plans
(c) To review the progress of the Five-Year Plans
(d) To provide recommendations for the development of the unorganised sector

Correct Answer: (d). The main objective of the National Commission for Enterprises in the Unorganised Sector is to provide recommendations for the development of the unorganised sector.